Housing costs in Menlo Park?
A typical home costs
$2,442,300, which is 622.4% more expensive than the national average of
$338,100 and 233.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Menlo Park costs
$3,740 per month, which is 74.0% more than the national average of
$2,150 and 27.3% more than the state average of
$2,720.
Can I afford Menlo Park?
To live comfortably in Menlo Park (zip 94025), California, a minimum annual income of
$468,000 for a family, and
$125,200 for a single person is recommended.
What does A.I. say about Menlo Park?
Menlo Park, CA is located in the heart of Silicon Valley and is home to many tech companies. The cost of living in Menlo Park is significantly higher than other cities in California due to its close proximity to tech hubs like Palo Alto and San Francisco. The median home value in Menlo Park is around $2 million, while the median rent for a one-bedroom apartment is around $3,500 per month. In addition to rent costs, utilities and groceries can be expensive on account of the area’s affluent population. Despite these high costs, Menlo Park remains an attractive city for many job seekers due to its booming economy and access to top employers in the tech sector.